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Tata AIA Life launches Tata AIA Rising India Fund

Tata AIA Life launches Tata AIA Rising India Fund
  • New fund to focus on capital appreciation by investing in high-growth sectors driving India’s economic expansion and self-reliance story.
  • NFO window is to close on March 31, 2024, with units being issued on the same day.
  • Previous Tata AIA funds, including the ones launched in the last year, have consistently outperformed benchmarks.
  • 25% of the rated Asset Under Management (AUM) of Tata AIA is rated 4 star or 5 stars on a
    5-year basis as of January 31st, 2024, by Morningstar Ratings*.
  • As of 29th February 24, the Company’s total Asset under Management (AUM) was INR 96,532 Cr.Bengaluru, 18 March 2024: Tata AIA Life Insurance (Tata AIA), One of India’s leading life insurers, has launched the Tata AIA Rising India Fund, a Fund that opens a unique avenue for consumers to participate in India’s growth story. The New Fund Offering (NFO) will remain open until March 31, 2024, with units being offered at an NAV of Rs. 10 per unit during the NFO period.

    The Rising India Fund will invest in key sectors and companies, that are driving the Atmanirbhar Bharat story. These include infrastructure, manufacturing, banking, digital, defense, etc. The fund will invest in companies across market caps and would be sector agnostic, enabling the fund manager to harness diverse opportunities driving India’s growth engine.

    On the NFO launch, Harshad Patil, Executive Vice President, and Chief Investment Officer (CIO) of Tata AIA said, In recent years, India has displayed its global influence by becoming the fastest-growing major economy. Through this new fund, we would like to offer our consumers an avenue to participate in and benefit from this incredible journey. Our consumers have always benefited from the long-term growth potential of the Indian equity market by investing in the ULIP funds that Tata AIA offers. We will continue to strive towards generating the alpha in our fund performance. With a robust driven research process and a bottom-up stock selection approach, we are committed to providing lasting value and returns to our policyholders.

    To generate capital appreciation, 70%- 100% of the fund’s investments will be made in equity and equity-related instruments and 0%- 30% in debt and money market instruments. The Tata AIA Rising India Fund offers investors the choice of investing across market caps in one fund, featuring high-quality, diversified portfolios and strong performance potential.

    Mr. Samit Upadhyay, President – CFO & Head of Products and Propositions of Tata AIA, said, “At Tata AIA, we are committed to craft innovative insurance solutions that cater to diverse requirements of consumers including financial security, wealth creation as well as health & wellness. The New Fund Offer, Tata AIA Rising India fund, can be availed along with our unique Param Rakshak (PR) series, featuring Pro-Fit, Param Rakshak solution, Param Rakshak Plus solution, etc. These solutions are embellished with attractive features that not only deliver superior, consistent, and risk-adjusted long-term returns but also prioritize the safeguarding of your loved ones’ future. We are confident that consumers will find the PR series proposition with the new fund offer quite attractive and meeting their investment cum insurance needs”.

    Tata AIA policyholders can invest in this fund through multiple products including Pro-Fit, Param Rakshak solution, Param Rakshak Plus solution, Param Rakshak II solution, Param Rakshak ROP solution, Param Rakshak IV solution, Param Rakshak Pro solution, Param Rakshak Elite solution. This offers consumers the unique opportunity to benefit from the long-term growth potential of equity while securing their loved ones with the protection of a life insurance cover.

    Tata AIA Life has consistently introduced new investment opportunities in recent years with its diverse portfolio of Unit Linked Products. These offerings consistently outperform benchmarks, delivering superior returns. The table below shows the performance of multiple Tata AIA ULIPs across diverse themes.

    India embraced the Atmanirbhar strategy, aiming to achieve self-sufficiency. Central to this strategy are the five pillars that underscore India’s journey toward self-sufficiency – Economy, Infrastructure, System, Demography, and Demand. Under the Atmanirbhar initiative, India has surged to become the fifth-largest economy globally, with household financial wealth rising impressively. Job opportunities have expanded, youth employability has risen, and the equity market has witnessed phenomenal growth, solidifying India’s position as a global powerhouse. With a burgeoning middle class and robust industrial sector, India promises enduring investment prospects, poised for sustained growth.

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